Italian top fashion house Versace is expecting higher revenues in 2012 after launching a collection for Swedish retailer Hennes & Mauritz this year and revamping its Versus second line, its head told Reuters.

Swiss company Richemont , home to brands such as Cartier, beat expectations for five-month sales, helped by Asia, and said while first-half sales would be significantly higher, net profit was likely to be flat due to the strong Swiss franc.

Van de Velde started 2011 with positive results for the first half of the year, reporting a turnover growth of 7% on a comparable basis with 2010. However, the lingerie group saw a slight decrease in its net income, which it attributed to a weak performance by its retail chain Intimacy.

Danish womenswear brand Nümph is welcoming two new members to its team. Sabine Olsen rejoins the company as the new head of design, while Lars Lange has been promoted to the role of sales manager of Europe.

A group of private investors led by Canadian financier Michael Serruya and Delavaco Capital is looking to sell its shares in American Apparel Inc just four months after throwing the troubled apparel retailer a $15 million lifeline.

Tiffany & Co raised its full-year profit outlook as more shoppers worldwide snapped up its jewelry during the bridal season, helping it overcome rising gold and diamond costs and sending its shares up more than 6 percent.

Danish fashion group IC Companys, which owns brands such as By Malene Birger, Peak Performance, and Saint Tropez, concluded its fiscal year 2010/2011 with a revenue growth of 12%, totalling around 527 million euros. However, the group’s gross margin saw a reduction so it remains cautious for the new year ahead.